Funding you earn now, next payment 12:00 UTC+0.1563%/8h= +171.1% APRnext payment +$7.81 per $10,000 · paid last 24h −0.096%
Price spread now: Bybit against Bitget−0.316%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1601.595% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days+0.293%+$29 · spread now −0.316%, 7d avg −0.004%
=Funding pays, the price is against you. Bybit is 0.312% cheaper against Bitget than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of −0.004%). If the spread goes back, that is −$31 on $10k: about 16 hours of funding at the current rate (+$47 a day). Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.81 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BRUSDT | 1.1515 | 0.0350 | pay 0.0175% / 4h | 3h 58m | $8.4M | $9.8M | 10x |
| Short | Bybit BRUSDT | 1.1478 | 0.1913 | get 0.0956% / 4h | 3h 58m | $11.2M | $21.7M | 5x |
Bitget BRUSDT
Bybit BRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $328.17
- Price spread: −0.316% → −0.004%
- −$31.23
- Slippage, 4 orders
- −$136.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $137.4
- Costs to cover
- 1.595%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, just now; Bybit: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, just now | 5.17 bp | 22.8 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.82 bp | 46.2 bp −$46 | 165.1 bp −$1,651 | doesn't fit | doesn't fit |
BR on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BR | +0.0100% | 4h | 1.1502 | −0.109% | $274K | $259K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1491 | −0.201% | — | $739K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1553 | +0.329% | $88K | $235K | 20x | as long as short |
| BingX BR-USDT | +0.0174% | 4h | 1.1499 | −0.136% | — | $5.6M | — | as long as short |
| Aster BRUSDT | +0.0228% | 4h | 1.1490 | −0.217% | $668K | $2.2M | 5x | as long as short |
| KuCoin BRUSDTM | +0.0312% | 4h | 1.1508 | −0.054% | $5.0M | $4.9M | 30x | as long as short |
| Bitget BRUSDTlong | +0.0350% | 4h | 1.1515 | long leg | $8.4M | $9.8M | 10x | |
| Gate BR_USDT | +0.0668% | 4h | 1.1506 | −0.076% | $7.6M | $7.7M | 20x | as long as short |
| MEXC BR_USDT | +0.0866% | 4h | 1.1506 | −0.073% | $15.5M | $6.0M | 100x | as long as short |
| Binance BRUSDT | +0.0867% | 4h | 1.1502 | −0.112% | $54.8M | $132.3M | 25x | as long as short |
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
BingX BR-USDT
Aster BRUSDT
KuCoin BRUSDTM
Gate BR_USDT
MEXC BR_USDT
Binance BRUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BRUSDTshort | +0.1913% | 4h | 1.1478 | −0.316% | $11.2M | $21.7M | 5x |